The NYISO - New York's Independent System Operator
The New York Independent System Operator (NYISO) is the not-for-profit corporation responsible for operating the state's bulk electricity grid, administering New York's competitive wholesale electricity markets and conducting comprehensive long-term planning for the state's electric power system.
The NYISO is regulated by the Federal Energy Regulatory Commission (FERC), and is governed by an independent 10-member Board of Directors whose members come from environmental organizations, the power industry, and the fields of finance, academia, technology, and communications. The members of the Board, as well as all employees, have no business, financial, operating, or other direct relationship to any Market Participant or stakeholder.
The NYISO does not own power plants or transmission lines. This level of independence guarantees that its actions and decisions are not based on profit motives, but on how best to enhance the reliability and efficiency of the power system and safeguard the transparency and fairness of the markets.
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